This site is here to help you beat “the establishment” before it beats you.

The economic commentary to the right accurately guided readers through the turns of the Great Recession and focused on the fatal flaws the Fed’s fake recovery for years. If you don’t believe me, ask readers who have been around for years when you’re in the comments section. As a result, some readers now volunteer their time to help create and maintain this site and others their financial support.

I’m an equal-opportunity critic toward Republicans and Democrats because both parties are packed with the pocket politicians of the bailout banksters who broke our world and who are breaking it again. Along with the military-industrial complex, these parasites of your wealth form “the establishment.” That’s why neither the Warfare Party nor the Welfare Party has ever had the vision to lead us to sustainable prosperity for the 90%, and they never will without extreme pressure from the middle.

Our windbag economists are no better. They never saw the Great Recession coming, though I did. In fact, many of them said there was no recession anywhere in sight, while I took criticism for saying in 2007 an economic crisis was imminent due to a housing collapse that was just beginning and would develop into a globally catastrophic crash of banks.

My writing is posted regularly in the center column. In 2019 we’re going to feature a daily update of economic news articles in the right sidebar.

If you understand RSS feeds, you can use the link below to be notified when new articles are posted.

Did you know you can convert your 401K or IRA to a self-managed IRA that holds physical assets like gold, silver or property?

Track Record of Stock Market & Macro Economic Predictions & What is Different Now

I’ll let the chart speak for itself. During the first part of the chart, I did all my writing in newspaper articles, so you won’t find support here on this blog or those early years. I began the blog in 2012. The rest is history.

As for the Trump Rally at the end, I didn’t predict it (any more than anyone did), but only declared it the typical euphoric rally (period of irrational exuberance) that comes before a crash, and you can see that it is far more exuberant than any period in the past.

What has changed, making it all different this time

We have learned this year just how much central banks are directly buying stocks, which has not been the case in the past. It was, in fact, considered extraordinary when, during the start of the Great Recession, the Fed bought corporate stocks of failing companies as a way of bailing them out. It was practically unheard of for them to jump in and stop the naturally selective process of bankruptcy in that way.

Now, however, the Fed has its colleagues in other countries buy huge amounts of healthy corporations (such as Facebook and Apple), not to bail out failing companies but to bail out a stock market that would, otherwise, be crashing badly. (For instance, we’ve learned recently that Switzerland’s central bank suddenly owns more Facebook stock than Mark Zuckerberg does. That one bank alone bought $8o billion worth of US stocks in recent months.)

Since central banks can create infinite amounts of fiat money out of thin air, their new path of buying stocks directly in order to shore up entire markets means they can pretty much prop the market up until economic wreckage in the general economy is so bad that it makes no sense to continue the farce or until they want to crash it in order to bring on a new economic era (or perhaps to get rid of a president they don’t want?). Whatever their reason, it will probably only crash when they decide to start unwinding their balance sheets or, in the very least, to stop propping it up with additional purchases (as China and Japan have done to save their dying stock markets).

So, the market is completely useless as a gauge of how the economy is doing because it is now entirely rigged by central banks and algorithm-based trading machines. In fact, the algos actually jockey the market in one direction with tiny trades just to suddenly make a surprise trade the other way. (More on that in an upcoming article.) I am, however, a person who writes on macro economics, not on stock markets; and the stock market no longer serves any purpose in terms of writing on the overall economy. It will likely follow the economy down reluctantly, not lead it, and not accurately reflect it. It is a central-banking mirage of wealth.

Economic News Articles:

How Faux Capitalism Works In America
The size and scope of these bailouts will utterly dwarf the TARP, ZIRP, and QE policies of the last crisis. Assuming this doesn’t blow up the Treasury’s balance sheet or vaporize the dollar’s value, the middle class will be reduced to poverty.

BEAT THE ESTABLISHMENT!

Avoiding a global repeat of the The Great Recession with all of its bankster bailouts will require massive engagement and some well-targeted ire so politicians know beyond a doubt there is no way the public will tolerate more rounds of corporate welfare to save the skins of greedy bankers.

Help me shine a relentless spotlight on the greed and corruption so we don’t repeat all we’ve been through. This site won’t continue without your suppor, so please visit my Patreon page to see how you can be a regular supporter:

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I hope you will also find a way to give a little for all that you receive, though I know all of us are used to receiving everything from the internet for free.